WalletConnect is making waves in the Web3 space. In September 2024, WalletConnect launched the native WCT token and deployed it on the Optimism network. This event marks a significant step towards decentralized governance.

On April 15, 2025, WCT will be listed on major exchanges like Binance, OKX, MEXC, Bitget, and KuCoin. The community is very excited, and OKX is launching an airdrop program of 6.5 million WCT tokens.

At the same time, the source code of WalletConnect is now fully open. This allows the token to be transferable and supports future growth. The WalletConnect Fund has also raised $10 million through a token sale. A private fundraising round of $500,000 sold out in just 11 seconds on the Echo platform, demonstrating strong market confidence.

Project Overview: Core Web3 Connection Tool

WalletConnect is an open-source protocol that allows cryptocurrency wallets to connect easily and securely with decentralized applications (dApps). Since its launch in 2018, WalletConnect has become an essential part of Web3, supporting over 35 million users and 22 billion interactions. It supports popular wallets like MetaMask, Trust Wallet, and Coinbase Wallet, and operates on chains like Ethereum, Solana, and Cosmos.

Users can connect to dApps by scanning QR codes or using deep links without revealing their private keys. This provides a safer and smoother experience. The goal of WalletConnect is not only technical connectivity but also building a decentralized ecosystem focused on the community. The WCT token is used for governance, fees, staking, and rewards, helping the network grow healthily and sustainably.

WCT Token: The Core of the Ecosystem

There is a total of 1 billion WCT tokens. The distribution is very clear:

  • 27% for the WalletConnect Fund

  • 18.5% for airdrop

  • 18.5% for the development team

  • The remaining portion is for community incentive activities and the network

WCT runs on the Optimism mainnet and supports cross-chain features. In the future, it will expand to more blockchains. Token holders can vote on network upgrades, fees, and many other issues, moving towards a DAO (Decentralized Autonomous Organization) model.

WCT is not just for governance. Node operators stake WCT to maintain a secure and stable network while earning rewards. Developers can receive funding from the Fund to support new dApps. WalletConnect also plans to launch decentralized messaging features and many other features to enhance user interaction.

Technical Strength: Leading in Security and Compatibility

The WalletConnect system is built in a decentralized manner. It uses service nodes and gateway nodes to encrypt messages and route data, ensuring privacy and reliability. Its chain-agnostic design allows it to work with many blockchains, breaking down ecosystem barriers.

This flexibility makes WalletConnect the top choice for connecting Web3 applications, especially in DeFi, NFTs, and gaming. The Software Development Kit (SDK) is also being improved, making it easier for developers to build on this platform. WalletConnect has supported over 27.5 billion connections and 45 million users worldwide.

Founder Pedro Gomes stated that the WCT token was launched to create "better market fit for the token" and to bring together node operators, wallets, and application developers towards a common vision - a network without centralized control.

Future Prospects: Leading in Web3 Development

WalletConnect has a bright future. With the WCT token launching soon and the ecosystem becoming increasingly decentralized, more developers and users are expected to join. This project is likely to continue asserting its leadership position in the Web3 space.

Recently, WalletConnect's parent company, Reown, raised $13 million in a Series B funding round, bringing the total funds raised to $23.5 million. This shows strong support from investors. New products like WalletConnect Phone also reflect the team's goal of connecting the digital world with the real world.

WalletConnect is becoming critical infrastructure for Web3. With powerful technology and a community-oriented model, WalletConnect is changing how wallets and dApps interact.

The token $WCT brings new energy to the network and offers users and developers the opportunity to contribute to building a decentralized future. As WalletConnect continues to grow and expand across multiple chains, it is likely to remain a major force in the blockchain world. @WalletConnect #WalletConnect